Here is why Bitcoin & Crypto remains despite the Federal Reserve’s decision to stop the price cuts

• Santiment reports show the encryption markets in spite of the Fed Bank’s decision to stop the price cuts.
• Powell states that banks can serve encryption customers, but some explain them as hidden frustration.
• Analysts expect the next main Bitcoin obstacle, with expectations of both declines and short -term gains.

Bitcoin and the broader Crypto market remained largely unpopular after the recent Federal Reserve’s decision to maintain interest rates on its current level.

Financial markets have expected the Fed Bank to move, which led to a moderate rise in encryption assessments.

Bitcoin (BTC) saw a 2.5 % increase over 24 hours, up to $ 105,187. ETHEREUM (ETH) increased by 2.4 % to $ 3,210, while Solana (Sol) has gained 3.3 % to $ 239.

The total market value of the cryptocurrency increased by 1.2 % to 3.71 trillion dollars, according to COININGKO data.

The reaction of the encryption market to the decision of the Federal Reserve

The Federal Reserve decision comes to stop the price cuts in the advanced investor morale regarding the impact of monetary policy on digital assets.

Historically, the aggressive price cuts in 2020 motivated the upward trends, while the high prices in 2022 decreased. However, the sensitivity of the encryption market for these transformations appears to be diminished.

Market intelligence platform male These cryptocurrencies remained stable despite the announcement of the Federal Reserve Policy, Jerome Powell.

Over the past five years, there has been a strong relationship between interest rate adjustments in the United States and encryption price movements.

The discounts in prices were generally linked to the upward trends, while the high prices coincided with the decline. However, modern trends indicate a possible separation of digital assets of the wider financial markets.

Santiment pointed out that the previous bull courses in the encryption space have occurred independently of the stock market trends. Over the past three years, Bitcoin and other encrypted currencies have shown strong connections with traditional stocks.

The current market flexibility indicates that Digital assets The sector may develop until after its previous description as a highly dangerous technical investment.

Powell’s position on banks that serve encryption customers

It is worth noting that during the policy statement, the President of the Federal Reserve, Jerome Powell, commented on the ability of the banking sector to provide services to encrypted currency companies.

While Powell stated that banks can deal freely with encryption companies, some industrial observers have interpreted their notes as less encouraged.

The Fox Business newspaper, Eleanor Territ, highlighted fears of a source in one of the main banks that saw Powell’s statement as financial institutions with skill in support of encryption customers.

This interpretation indicates that although there is no explicit ban, organizational pressures may still prevent banking institutions from adopting services related to the entire coded currency.

Despite Powell’s neutral position, the banking sector faced the increasing organizational audit in its participation with digital assets.

Many financial institutions are still reluctant due to the perceived organizational uncertainty, even though some banks express their interest in expanding their encryption offers.

Market predictions and analyst expectations

The recent stability in encryption prices for analysts has pushed a project for potential price movements for Bitcoin.

Market expert generation Proposal The next main resistance level for this bitcoin is $ 110,000. If this threshold is penetrated, the cryptocurrency may enter a new stage of discovering prices.

Meanwhile, the former CEO of Bitmex Arthur Hayes presented a broader look at the market in his last article entitled “The Ugly”. Hayes It remains up On the long -term Bitcoin track, while maintaining the price of $ 250,000.

However, recent concerns, including total economic factors such as bank credit expanding, central bank policies, mutual relationship between bitcoin, stocks, and treasury returns in the United States for 10 years.

Hayes directed comparisons between the current market conditions and the encrypted in the 2021. Although it is still optimistic about the ongoing bull cycle, it expects a short -term correction, with a potential bitcoin price to the range of 70,000 and $ 75,000.

Despite this potential withdrawal, the Bitcoin’s long -term path is still strong, expecting a significant increase in prices by the end of the year.

Disintegration

The views and opinions mentioned by the author or any protected person in this article are for media purposes only. They do not create financial or investment advice or any other advice. Investing in or trading encryption or shares comes with the risk of financial loss.